Global Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size

The global motor vehicle radiator market reached $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Motor Vehicle Radiator Production

In value terms, motor vehicle radiator production expanded modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports

In 2023, shipments abroad of radiators for motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at X units in 2018; afterwards, it flattened through to 2023.

In value terms, motor vehicle radiator exports expanded rapidly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

China represented the largest exporting country with an export of around X units, which accounted for X% of total exports. The Czech Republic (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Germany (X%), Mexico (X%) and the United States (X%). Spain (X units), France (X units), Slovakia (X units), Thailand (X units), Romania (X units), Japan (X units) and Canada (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to motor vehicle radiator exports from China stood at X%. At the same time, Slovakia (X%), the Czech Republic (X%), Thailand (X%), Romania (X%), Mexico (X%) and Poland (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Canada and Spain experienced a relatively flat trend pattern. By contrast, Japan (X%), Germany (X%), France (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motor vehicle radiator supplying countries worldwide were China ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of global exports. Poland, the United States, Mexico, Slovakia, Spain, France, Japan, Canada, Romania and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average motor vehicle radiator export price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports

In 2023, supplies from abroad of radiators for motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, motor vehicle radiator imports expanded markedly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Global imports peaked in 2023 and are likely to continue growth in the near future.

Imports by Country

The United States (X units) and Germany (X units) represented roughly X% of total imports in 2023. The Czech Republic (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%). Mexico (X units), Poland (X units), the UK (X units), Russia (X units), France (X units), Italy (X units), Turkey (X units), Thailand (X units) and Japan (X units) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle radiator importing markets worldwide were Germany ($X), the United States ($X) and Mexico ($X), with a combined X% share of global imports. The Czech Republic, Spain, the UK, Poland, France, Italy, Japan, Turkey, Russia and Thailand lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average motor vehicle radiator import price amounted to $X per unit, stabilizing at the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform